Image Image Image Image Image Image Image Image Image Image Image Image

AfricaMoney | August 21, 2017

Scroll to top

Top

No Comments

Mauritius’ BLC to host workshop to fight money laundering & terrorist financing

Mauritius’ BLC to host workshop to fight money laundering & terrorist financing

Iqbal Rajahbalee, Senior Counsel and Managing Partner, BLC Associates & Ltd, added that securities and investment funds are some of the sub-sectors in the field of financial services that are most vulnerable to money laundering, and might unwittingly act as a cover for terrorist financing. (Image: Company)

Mauritius-based law firm, BLC Associates & Ltd, is organising a workshop at the Labourdonnais Waterfront Hotel in Port Louis on October 28, 2014 to fight effectively against money laundering and terrorist financing in the securities and investment funds domains.

The main speakers will be Clairette Ah-Hen, Chief Executive Officer at Financial Services Commission (FSC); Kamlesh Ramdhary, assistant director at Financial Intelligence Unit (FIU); Iqbal Rajahbalee, Senior Counsel and Managing Partner; and David Hotte, Senior Consultant at BLC Chambers.

“Mauritius is a financial centre of excellence. Like all financial centres, Mauritius is not shielded from the implications of money laundering and terrorist financing. Thus, it is necessary that we protect the sector, which makes a considerable contribution to the economy,” declared Iqbal Rajahbalee.

He added that securities and investment funds are some of the sub-sectors in the field of financial services that are most vulnerable to money laundering, and might unwittingly act as a cover for terrorist financing.

During this workshop, the speakers will elaborate on the Mauritian laws with regard to money laundering and terrorist financing; the contribution of the Financial Intelligence Unit (FIU); how to report suspected cases, and also the need to conform to the requirements and guidelines of the industry.

David Hotte pointed out that the workshop also covers a general introduction to sanctions, regimes, standards, supervision of conformity, to report and inform the FSC and the FIU of any suspicious activities.

Submit a Comment

Directory powered by Business Directory Plugin